One97 Communications (Paytm) is planning to invest Rs 100 crore in Gujarat International Finance Tec-City (GIFT City) to build a global financial ecosystem, ahead of the Vibrant Gujarat Global Summit 2024, in Gandhinagar. The company will make the investment over a period of time and will seek requisite approvals for the same.
With GIFT city as an ideal innovation hub for cross-border activity, Paytm will use its proven capability to innovate and build new tech for users across the globe looking to invest in India. As the pioneer of real-time payments and settlements in India, the company will replicate its success to now reduce friction in cross-border remittances with faster and cost-effective solutions, driven by Artificial Intelligence.
Leveraging its leadership as a tech innovator, Paytm will also set up a development centre in GIFT City to build the above solutions and provide a technology backbone. This centre will create jobs and house engineers to develop a suite of world-class financial products and services.
Paytm is India's leading digital ecosystem for consumers as well as merchants.
| Company Name | CMP |
|---|---|
| One97 Communications | 1632.00 |
| AvenuesAI | 15.33 |
| Billionbrains Garage | 189.40 |
| Pine Labs | 159.85 |
| Seshaasai Tech. | 385.85 |
| View more.. | |
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